Evolve Private Wealth LLC Trims Stock Position in Target Corporation $TGT

Evolve Private Wealth LLC cut its holdings in Target Corporation (NYSE:TGT) by 31.8% during the second quarter, HoldingsChannel reports. The fund owned 10,244 shares of the retailer’s stock after selling 4,767 shares during the period. Evolve Private Wealth LLC’s holdings in Target were worth $1,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. increased its holdings in Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after purchasing an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Target by 11.0% in the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after purchasing an additional 27,063 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $154.00 price objective on shares of Target in a report on Thursday. Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price target on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on shares of Target in a research note on Thursday. Finally, Piper Sandler lifted their price objective on shares of Target from $146.00 to $153.00 and gave the company a “neutral” rating in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average target price of $159.52.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Target Stock Performance

Shares of TGT stock opened at $165.35 on Monday. The company has a market cap of $75.10 billion, a P/E ratio of 17.17, a PEG ratio of 3.34 and a beta of 0.96. The firm has a fifty day moving average price of $140.82 and a 200 day moving average price of $128.14. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a 12 month low of $83.44 and a 12 month high of $165.48.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.Target’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts predict that Target Corporation will post 8.84 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. Target’s dividend payout ratio (DPR) is presently 48.18%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.